USD/TRY - 400 Short Opportunity

Singkat

Dolar A.S. / Lira TurkI (FX:USDTRY)

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FX:USDTRY Dolar A.S. / Lira TurkI

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USD/TRY still hasn't found a strong support and thus, a move down further below is possible.

Dagangan ditutup: hentian tercapai:

3% down.. No big deal, we move on to the next trade! Even though it was somewhat of a good looking position, not the most probable either. For a moment, the pair was calmly going down, sending the wrong signal. But as it's an exotic pair (Not a majorly traded pair) volatility eventually picked up.

Komen:

Even though the prices went up, from my analysis, it's too soon for it to completely make a reversal on the long term. And so, we will possibly see further low tests and once a strong support zone has been found, then a long term reversal up higher will present itself.

I will keep this signal updated if any shorting opportunity presents itself.

Komen:

USD/TRY isn't able to move up higher and as the 50 ema on the 4 hour is broken, it's going to make a drop. Is this trade the best one one could take? Obviously no. However, from what is currently happening, the next move could be down further below than last time.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.